Limitation on Lead Lender's Liability. (a) In addition to the Lead Lender's failure to comply with the terms of this Agreement, including the Priority of Payment, the Lender shall have recourse against Lead Lender for the amounts payable by the terms of this Agreement. Lead Lender's obligation with respect to such payments shall be to remit to the Lender a monthly payment based on the Interest Rate calculated on the Participation Interest and the principal amount of the Participation Interest when a Loan pays off or matures in accordance with this Agreement.
Appears in 6 contracts
Samples: Intercreditor Agreement (Vestin Realty Trust II, Inc), Intercreditor Agreement (Vestin Fund Ii LLC), Intercreditor Agreement (Vestin Fund Ii LLC)
Limitation on Lead Lender's Liability. (a) In addition to the Lead Lender's failure to comply with the terms of this Agreement, including the Priority of Payment, the Lender Lenders shall have full recourse against Lead Lender Lenders for the amounts payable by the terms of this Agreementagreement. Lead Lender's Lenders obligation with respect to such payments shall be to remit to the Lender Lenders a monthly payment based on the Interest Rate calculated on the Participation Interest and the principal amount of the Participation Interest when a Loan pays off or matures in accordance with this Agreement.
Appears in 3 contracts
Samples: Intercreditor Agreement (Vestin Group Inc), Intercreditor Agreement (Vestin Group Inc), Intercreditor Agreement (Vestin Group Inc)
Limitation on Lead Lender's Liability. (a) In addition to the Lead Lender's ’s failure to comply with the terms of this Agreement, including the Priority of Payment, the Lender Lenders shall have full recourse against Lead Lender Lenders for the amounts payable by the terms of this Agreementagreement. Lead Lender's Lenders obligation with respect to such payments shall be to remit to the Lender Lenders a monthly payment based on the agreed Interest Rate calculated on the Participation Interest and the principal amount of the Participation Interest interest when a Loan pays off or matures in accordance with this Agreement.
Appears in 3 contracts
Samples: Intercreditor Agreement (Vestin Realty Mortgage II, Inc), Intercreditor Agreement (Vestin Fund Iii LLC), Intercreditor Agreement (Vestin Realty Mortgage I, Inc.)
Limitation on Lead Lender's Liability. (a) In addition to the Lead Lender's ’s failure to comply with the terms of this Agreement, including the Priority of Payment, the Lender Lenders shall have full recourse against Lead Lender Lenders for the amounts payable by the terms of this Agreementagreement. Lead Lender's Lenders obligation with respect to such payments shall be to remit to the Lender Lenders a monthly payment based on the agreed Interest Rate calculated on the Participation Interest and the principal amount of the Participation Interest when a Loan pays off or matures in accordance with this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Vestin Fund Ii LLC), Intercreditor Agreement (Vestin Fund I LLC)
Limitation on Lead Lender's Liability. (a) In addition to the Lead Lender's failure to comply with the terms of this Agreement, including the Priority of Payment, the Lender Lenders shall have full recourse against Lead Lender Lenders for the amounts payable by the terms of this Agreementagreement. Lead Lender's Lenders obligation with respect to such payments shall be to remit to the Lender Lenders a monthly payment based on the agreed Interest Rate calculated on the Participation Interest and the principal amount of the Participation Interest when a Loan pays off or matures in accordance with this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (Vestin Realty Mortgage II, Inc)
